Stockholders’ Equity (Tables)
|
6 Months Ended |
Jun. 30, 2025 |
Equity [Abstract] |
|
Schedule of Equity Compensation Plan Information |
Equity
Compensation Plan Information as of June 30, 2025:
Schedule
of Equity Compensation Plan Information
| |
Number of securities to be issued upon exercise of outstanding options, warrants and rights
(a) | | |
Weighted – average exercise price of outstanding options, warrants and rights
(b) | | |
Number of securities remaining available for future issuances under equity compensation plans (excluding securities reflected in column
(a) (c) | |
Equity Compensation Plans Approved by Security Holders | |
| 3,150,000 | | |
$ | 0.0399 | | |
| 21,680,882 | |
Equity Compensation Plans Not Approved by Security Holders | |
| 37,801,503 | | |
| 0.0195 | | |
| — | |
Total | |
| 40,951,503 | | |
$ | 0.0297 | | |
| 21,680,882 | |
|
Schedule of Valuation Assumptions of Options |
The
Company uses the Black-Scholes option-pricing model to estimate the fair value of its stock option awards and warrant issuances. The
calculation of the fair value of the awards using the Black-Scholes option-pricing model is affected by the Company’s stock price
on the date of grant as well as assumptions regarding the following:
Schedule
of Valuation Assumptions of Options
| |
Six Months ended June 30, | |
| |
2025 | | |
2024 | |
Expected volatility | |
| 172.0% - 346.4 | % | |
| 172.0 – 346.4 | % |
Expected term | |
| 1.5 – 5.0 Years | | |
| 1.5 – 5.0 Years | |
Risk-free interest rate | |
| 0.16% - 4.64 | % | |
| 0.16% - 4.64 | % |
Forfeiture rate | |
| 0.17 | % | |
| 0.17 | % |
|
Schedule of Outstanding Stock Option Activity |
A
summary of the status of the Company’s outstanding stock options as of June 30, 2025 and December 31, 2024 and changes during the
periods ending on such dates is as follows:
Schedule
of Outstanding Stock Option Activity
| |
Number of | | |
Weighted Average Exercise | | |
Weighted Average Remaining Contractual | | |
Aggregate Intrinsic | |
| |
Options | | |
Price | | |
Life in Years | | |
Value | |
Outstanding at December 31, 2022 | |
| 238,439,167 | | |
$ | 0.0362 | | |
| 1.43 | | |
| | |
Granted | |
| - | | |
| - | | |
| | | |
| | |
Forfeited | |
| (170,999,530 | ) | |
| 0.0379 | | |
| | | |
| | |
Exercised | |
| - | | |
| - | | |
| | | |
| | |
Cancelled | |
| - | | |
| - | | |
| | | |
| | |
Outstanding – December 31, 2023 | |
| 67,439,637 | | |
$ | 0.0360 | | |
| 1.43 | | |
| | |
Exercisable – December 31, 2023 | |
| 41,057,753 | | |
$ | 0.0211 | | |
| 1.33 | | |
$ | - | |
| |
| | | |
| | | |
| | | |
| | |
Granted | |
| - | | |
| - | | |
| | | |
| | |
Forfeited | |
| (1,475,000 | ) | |
| 0.0379 | | |
| | | |
| | |
Exercised | |
| - | | |
| - | | |
| | | |
| | |
Expired | |
| (35,295,237 | ) | |
| | | |
| | | |
| | |
Cancelled | |
| - | | |
| - | | |
| | | |
| | |
Outstanding – June 30, 2025 | |
| 30,669,400 | | |
$ | 0.043268 | | |
| 1.07 | | |
| | |
Exercisable – June 30, 2025 | |
| 7,059,400 | | |
$ | 0.0531 | | |
| 1.106 | | |
$ | - | |
|
Schedule of Exercise Price of Employee Stock Options Outstanding |
The
following table summarizes information about employee stock options outstanding at June 30, 2025.
Schedule
of Exercise Price of Employee Stock Options Outstanding
Range of Exercise Price | |
Number outstanding at June 30, 2025 | | |
Weighted average remaining Life | | |
Weighted average exercise price | | |
Number exercisable at June 30, 2025 | | |
Weighted average exercise price | | |
Weighted average remaining life | |
$ 0.0180
- $0.0225 ( Expired) | |
| 0 | | |
| 0.00 | | |
$ | 0.0180 | | |
| 0.00 | | |
$ | 0.0180 | | |
| 0.00 | |
$ 0.0229 - $0.0325 | |
| 50,000 | | |
| 1.12 | | |
$ | 0.0302 | | |
| 50,000 | | |
$ | 0.0302 | | |
| 1.12 | |
$ 0.0360 - $0.0425 | |
| 22,659,400 | | |
| 1.05 | | |
$ | 0.0398 | | |
| 4,659,400 | | |
$ | 0.0395 | | |
| .92 | |
$ 0.0440 - $0.0531 | |
| 7,960,000 | | |
| 1.17 | | |
$ | 0.0531 | | |
| 2,350,000 | | |
$ | 0.0530 | | |
| .94 | |
Outstanding options | |
| 30,669,400 | | |
| 1.07 | | |
| 0.0432 | | |
| 7,059,400 | | |
| 0.0439 | | |
| 0.93 | |
|
Schedule of Warrant Activity |
A
summary of the Company’s warrants as of December 31, 2024 and changes during the six months ended June 30, 2025 is presented below:
Schedule
of Warrant Activity
| |
Number of | | |
Weighted Average Exercise | | |
Weighted Average Remaining Contractual | | |
Aggregate Intrinsic | |
| |
Warrants | | |
Price | | |
Life in Years | | |
Value | |
Outstanding – December 31, 2024 | |
| 25,684,521 | | |
$ | 0.0247 | | |
| 0.93 | | |
$ | 24,000 | |
Granted | |
| - | | |
| | | |
| | | |
| | |
Exercised | |
| | | |
| | | |
| | | |
| | |
Forfeited or Expired | |
| 25,684,521 | | |
| | | |
| | | |
| | |
Outstanding – June 30, 2025 | |
| - | | |
$ | - | | |
| | | |
| | |
Exercisable – June 30, 2025 | |
| - | | |
$ | - | | |
| | | |
$ | - | |
|